May’25 opened the session at $540.00, showing immediate strength as buyers stepped in early. Momentum quickly built, leading to a sharp rally that saw prices surge towards $549.00 by mid-morning. This strong upward move reflected fresh buying interest and a continuation of the bullish sentiment seen in recent sessions. However, as the market tested these highs, resistance emerged, prompting some profit-taking that led to a pullback around $545.00. For much of the afternoon, May’25 consolidated within a $546.00 – $547.00 range as the earlier excitement cooled, and traders digested the morning’s rally. The market remained well-supported, with dips finding buyers, ensuring that prices did not retreat significantly from the session’s highs. Spreads also gained throughout the day, with outright price action being the primary driver of movement. As the session progressed toward the close, a final push higher attempted to regain momentum, but resistance just below the morning’s peak kept gains in check. May’25 ultimately settled at $547.10, holding onto most of the day’s gains and finishing near the upper end of the session’s range. The ability to sustain these elevated levels suggests continued strength in the market, with buyers still willing to step in on pullbacks. Looking ahead, the close provides a solid platform for further upside, with $549.00 acting as the next key resistance level. Should fresh buying emerge in the following days, an extension beyond this point could open the door for a move towards $550.00 and beyond. However, given the sharp rally seen today, some consolidation may be necessary before another decisive push higher can occur.
| Month | Open | High | Low | Sett | Chg | Last | Vol | O/I |
| May’25 | 540.00 | 549.00 | 539.90 | 547.20 | 9.70 | 547.10 | 5,672 | 57,634 |
| Aug’25 | 523.30 | 530.70 | 523.30 | 528.00 | 6.60 | 527.90 | 1,538 | 22,734 |
| Oct’25 | 514.70 | 520.50 | 514.70 | 517.40 | 5.20 | 517.40 | 479 | 9,336 |
| Dec’25 | 511.00 | 515.50 | 511.00 | 512.70 | 4.70 | 512.90 | 135 | 4,153 |
| Mar’26 | 512.80 | 515.00 | 512.20 | 513.00 | 4.60 | 513.20 | 56 | 3,983 |
| May’26 | 508.20 | 511.10 | 508.20 | 510.90 | 4.90 | 511.00 | 38 | 1,774 |
| Aug’26 | 507.70 | 509.10 | 507.70 | 508.70 | 5.10 | 509.10 | 28 | 1,383 |
| Oct’26 | 505.00 | 505.00 | 504.30 | 504.70 | 4.60 | 505.00 | 53 | 835 |
| Dec’26 | 504.30 | 504.60 | 504.30 | 504.10 | 4.50 | 504.60 | 21 | 723 |
| Mar’27 | – | – | – | 505.60 | 4.50 | – | – | 170 |
| May’27 | – | – | – | 503.00 | 4.50 | – | – | 185 |
| Aug’27 | – | – | – | 502.80 | 4.50 | – | – | – |
| Oct’27 | – | – | – | 502.10 | 4.50 | – | – | – |
| Dec’27 | – | – | – | 501.40 | 4.50 | – | – | – |
| Total | 8,020 | 102,910 |
